Algert Global LLC Has $2.87 Million Stock Holdings in NexPoint Residential Trust, Inc. (NYSE:NXRT)

Algert Global LLC lowered its stake in shares of NexPoint Residential Trust, Inc. (NYSE:NXRT - Free Report) by 24.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,273 shares of the financial services provider's stock after selling 20,730 shares during the quarter. Algert Global LLC owned about 0.26% of NexPoint Residential Trust worth $2,873,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. acquired a new stake in shares of NexPoint Residential Trust during the 3rd quarter worth approximately $27,000. Point72 DIFC Ltd bought a new position in shares of NexPoint Residential Trust in the 2nd quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of NexPoint Residential Trust by 34.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 900 shares of the financial services provider's stock worth $39,000 after buying an additional 232 shares in the last quarter. Signaturefd LLC boosted its stake in NexPoint Residential Trust by 238.4% in the second quarter. Signaturefd LLC now owns 1,039 shares of the financial services provider's stock valued at $41,000 after buying an additional 732 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in NexPoint Residential Trust in the third quarter valued at about $42,000. Institutional investors own 76.61% of the company's stock.

NexPoint Residential Trust Trading Down 0.5 %

NXRT traded down $0.26 during trading on Wednesday, reaching $47.48. 79,239 shares of the stock traded hands, compared to its average volume of 139,457. The stock's 50-day moving average is $44.20 and its 200 day moving average is $42.13. NexPoint Residential Trust, Inc. has a 12 month low of $28.20 and a 12 month high of $48.37. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 3.25. The stock has a market capitalization of $1.21 billion, a PE ratio of 27.28, a P/E/G ratio of 1.57 and a beta of 1.37.

NexPoint Residential Trust (NYSE:NXRT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($1.01). The business had revenue of $64.10 million during the quarter, compared to analyst estimates of $64.69 million. NexPoint Residential Trust had a net margin of 17.54% and a return on equity of 9.54%. During the same period last year, the firm posted $0.76 earnings per share. Equities analysts anticipate that NexPoint Residential Trust, Inc. will post 2.78 earnings per share for the current year.

NexPoint Residential Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.30%. This is a positive change from NexPoint Residential Trust's previous quarterly dividend of $0.46. NexPoint Residential Trust's dividend payout ratio is currently 105.71%.

Analyst Ratings Changes

NXRT has been the topic of a number of research analyst reports. StockNews.com upgraded shares of NexPoint Residential Trust from a "sell" rating to a "hold" rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of NexPoint Residential Trust from $38.00 to $44.00 and gave the stock a "hold" rating in a report on Tuesday, September 10th. Compass Point upped their target price on NexPoint Residential Trust from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Truist Financial lifted their price target on NexPoint Residential Trust from $37.00 to $46.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Finally, Raymond James upgraded shares of NexPoint Residential Trust from a "market perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $46.83.

NexPoint Residential Trust Profile

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.